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Sky News
Interest rate hikes a shock ‘net positive’ for economy but not everyone
Here’s a sentence which might sound a little odd: higher interest rates have been good news for the UK economy.For the first time in many decades, the pain faced by borrowers from higher interest rates has been more than balanced out by the benefit experienced by savers from those interest rates. If this sounds a …
Business
Sky News
Starmer refuses to commit to unfreezing tax thresholds if Labour wins election
Sir Keir Starmer has refused to commit to unfreezing tax thresholds if Labour wins the next general election, saying he won’t make promises he can’t keep.However, the Labour leader was firmer in his position on inheritance tax, telling Sky News if the Tories reduce it, he will reverse that change because he does not believe …
Business
Sky News
Mortgage approvals up as more lenders cut rates
Mortgage approvals hit their highest level in six months near the end of last year, official data has revealed – as more lenders announce rate cuts.New figures from the Bank of England (BoE), published on Thursday, show that more than 50,000 loans for home purchases were rubber-stamped in November – the highest number since June …
Business
Business Live
Dorset Chamber joins forces with new business partner
Dorset Chamber has announced an IT support and solutions specialist as its new Platinum Business Partner. Poole-based Enhanced will champion business in Dorset and help drive the chamber forward. The firm was founded in 1994 and has been a chamber member since 2007. Dorset Chamber chief executive Ian Girling said: “Enhanced is a forward-thinking business …
Business
Sky News
Royal London plots bid for £6bn Scottish Widows book
Royal London, one of the UK’s biggest financial services mutuals, is plotting a bid for a £6bn bulk annuities portfolio being sold by Lloyds Banking Group.Sky News has learnt that Royal London, which called off a controversial merger with rival LV= – formerly Liverpool Victoria – in 2022, is in talks about a deal that …
Business
Evening Standard
JD Sports hit as wary customers flock to sale prices
Business
Sky News
UK services sector upbeat as activity picks up
The UK services sector has reported its fastest jump in activity for six months, as firms grow increasingly upbeat about the year ahead.Closely-watched survey the S&P Global/CIPS UK Services Purchasing Managers’ Index (PMI) found output and new work increased for second month running in December and at the strongest rate for half a year. The …
Business
Sky News
Next raises profit forecast but warns stock could be delayed by Red Sea attacks
Next has raised its profit forecast for the fifth time in less than a year after reporting better-than-expected sales in the run-up to Christmas.The high street retailer said full-price sales were up 5.7% in the nine weeks to 30 December compared to last year. The figure, revealed in a trading update from the firm on …
Business
Sky News
‘Obscene pay inequality’: FTSE 100 bosses earn typical UK annual salary in three days – thinktank
By 1pm this afternoon, just a few days into the new year, FTSE 100 bosses will have earned more than the typical UK worker makes in a year, according to new estimates.The median pay – the midpoint between the lowest and highest pay – for a FTSE 100 boss stood at £3.81m (excluding pensions) in …
Business
Euro News
Where in Europe will the property market revive in 2024?
Business
Sky News
Buy British push: Labelling for food imports not meeting UK welfare standards
Imported foods may be labelled when they do not meet welfare standards, as the government considers measures to help shoppers “buy British”.Environment Secretary Steve Barclay is set to announce plans to change labelling on goods to clarify if it is produced to the highest standards, as part of sweeping reform to support farmers. Mr Barclay …
Business
Euro News
Financial crime compliance: Trends to watch in 2024

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